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Crypto Roundup: Big Brands Push Forward with Blockchain Plans

In this week's crypto roundup, we find out which leading brands are getting serious about crypto, firming up their plans to adopt blockchain tech and integrate it into their business plans. IBM steps into crypto IBM has previously shown a lot of interest in crypto and blockchain.

In this week's crypto roundup, we find out which leading brands are getting serious about crypto, firming up their plans to adopt blockchain tech and integrate it into their business plans.

IBM steps into crypto

IBM has previously shown a lot of interest in crypto and blockchain.

Now, IBM has unveiled a payment network using stable coins or other digital assets/cryptocurrencies that can facilitate cross-border payments and foreign exchange in real time.

More than 70 countries and 47 currencies are included in this new payment system.

The technology, known as IBM Blockchain World Wire, utilizes the Stellar protocol.

With IBM Blockchain World Wire, two parties agree to use a digital asset, such as a stable coin, as a ‘bridge asset’ between two fiat currencies. The settlement between the two parties is carried out with the agreed asset.

IBM claims World Wire increases the trust, simplicity and efficiency of payments and settlements.

Twitter CEO looks for talent

Twitter and Square CEO Jack Dorsey recently introduced Square Crypto.

While the goals of this endeavor are currently unclear, Jack shared on Twitter that Square is hiring full-time crypto engineers and a designer to work on the open source ecosystems of Bitcoin and Ethereum.

Jack has said he believes this is a great way to give back to the open source ecosystem as a whole.

#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why?
— jack (@jack) March 20, 2019